Bay Colony Development Corporation

The Bay Colony Development Corporation is a private non-profit corporation, who works with bank loan officers, accountants, real estate brokers, attorneys and their clients to identify and structure the most beneficial financing program appropriate to the needs of the project. Bay Colony has grown to be one of the larger certified development companies in the nation.

The borrowing company, together with affiliates, must meet certain requirements in order to be eligible for the benefits of the 504 Loan Program —

  • Business size: Net worth less than $15,000,000; average net profit after tax not greater than $5,000,000 for the past two years
  • Employment: Meets one of a variety of goals
  • User of asset: Operating Company must be primary user
  • Industry: Very few exclusions

To learn more about the eligibility: click here.